NEW YORK (1010 WINS) — New York’s superintendent of financial services, Linda Lacewell, announced Friday that she will resign in an effort to make way for the next administration.
Lacewell, a former chief of staff and former counselor to Gov. Andrew Cuomo, told staff that she will step down on Aug. 24 — seeming to coincide with his announced departure.
“With a new governor about to take office, it is time for me to move on and make way for new leadership,” Lacewell said.
Her resignation as the state's head financial regulator at the Department of Financial Services comes as Lieutenant Governor Kathy Hochul prepares to become New York's first female governor.
Hochul previously said she would replace any staff implicated in Attorney General Letitia James' independent report on Gov. Andrew Cuomo's alleged sexual misconduct.
"No one who was named is doing anything unethical and the report will remain in my administration," Hocul said during a news conference Wednesday.
Bloomberg reports James' report found Lacewell would sometimes help Cuomo respond to complaints about his behavior.
Lacewell, who has had the role for over two years, said the department's efforts to combat cybersecurity threats, the COVID-19 pandemic and climate change were some important "accomplishments" under her tenure.
"We only have a moment in time to make a difference," she said. "I am proud of the work we have done together. Our accomplishments are many."
Related
Related
